India Inc's investment plans surge to Rs 10 trillion: Assocham
India Inc seems unperturbed by signs of global recession, with their capacity expansion plans surging past Rs 10 trillion in the first six months of this year nearly double the figure for the previous five months, a study said.
By PTI |
NEW DELHI: India Inc seems unperturbed by signs of global recession, with their capacity expansion plans surging past Rs 10 trillion in the first six months of this year nearly double the figure for the previous five months, a study said.
Indian companies have announced capacity expansion investment worth Rs 10,50,950 crore in the first six months of 2008, against Rs 5,67,851 crore between July-December 2007, industry body Assocham said in a report on state-wise investments.
Out of the total 24 states tracked by the Chamber Research Bureau Andhra Pradesh, Maharashtra, Orissa, Rajasthan and West Bengal were the most preferred destination by the private players for making investments in the first half of 2008.
Maharashtra topped the chart with investment commitments worth Rs 1,20,065 crore in sectors like power, real estate, automobiles, ports and shipping, Assocham President Sajjan Jindal said.
The biggest of the announcements were made by Tata Power at Rs 25,000 crore, planning to raise power generation capacity to 12,861 MW for the next five years, Reliance Industries for setting up semi conductor plant and other micro -technology units, at an expenditure of Rs 21,666 crore for the next 10 years.
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